GOLD is holding the bullish momentum very strong. The price reacted very well close to the resistance are at 1828 Actually, the price is moving inside a bullish flag. The first target should be 1828 again. The next target should be near the top of the pattern at 1845-1850
Any move down of the price below 1812 would open the door for more downside up to 1790 ( so keep this scenario in your watch list as well.
Thank you and Good Luck!
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Previous analysis:
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GOLD: A perfect price reversal at the pattern completion
Nice analysis.Very good analysis. But I think the price will only rise to a higher level if it breaks through $1833, and it is very likely that the price will consolidate for now.
KlejdiCuni
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@Super_B_XinR, Thanks for sharing. It is already inside the consolidation zone:) Agree with you.
Wolf_of_Trading
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nice chart , my idea is bullish because trendline is broken
BeyondEdge
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Thanks for sharing. Clean chart.
Here’s my view.
JustTradeSignals
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Spot On Setup! Here is our view.
Michael_Winner
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Looks very good, thanks for sharing your gold idea